Strive raises $10M in ATM proceeds to acquire over 130 Bitcoin

Strive, Inc. has crossed $10 million in proceeds from its at-the-market preferred stock program, converting those funds into more than 130 Bitcoin. The vehicle doing the heavy lifting is Strive’s Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA on NASDAQ. The instrument pays a 13% annualized dividend yield distributed daily, which keeps its market price anchored near its $100 par value and lets the company issue new shares without discounting them into oblivion. How the machine works Yield-hungry investors buy shares at or above $100, Strive collects the cash, then immediately converts it into Bitcoin. No debt, no credit facilities, no bond covenants. Most corporations that load up on Bitcoin, MicroStrategy being the obvious example, have done so partly through convertible notes and senior secured debt. Strive’s structure is entirely equity-based, meaning creditors cannot force a liquidation if Bitcoin prices crater. The $10 million milestone announced this week is a relatively early data point in a program that has already demonstrated far larger weekly throughput. During the stretch from August 24 to 26, 2026, SATA ATM proceeds reached $40.35 millio...